Is Your Financial Strategy Actually Creating Wealth?

Is Your Financial Strategy Actually Creating Wealth?

The year is quickly drawing to a close. How can you truly know that your wealth has increased?

Many people don’t review the progress of their financial planning. This is a critical mistake. Without this step, you cannot determine whether the complexities of the market are working in your favour. You need this data to understand if the effort you are making is producing great results or impeding your goals.

Just like monitoring a weight loss goal, tracking your financial planning should be a regular activity. You need to know how you’re doing on a monthly basis; or quarterly, at the very least.

To pursue this analogy, simply losing weight is not an accurate measure of your health. You need to track other variables, such as muscle mass, tone, and water content. Then you will know if you are truly losing weight or putting your health in danger with risky practices. Wealth creation needs a similar health check.

You might be able to look at your assets today and claim, ‘I’m worth a million dollars.’ But how are you determining this? Are you protected against a market correction? What about other variables related to your investments?

Let’s say the value of your home has increased 100% in 10 years. This is great news. But what if today’s historically low, sub-2% interest rates go up? If you have a mortgage, the higher cost of carrying it will dramatically affect your cash flow. So, is the value of your home a true indication of your wealth, if carrying costs take up the cash you need for investing?

By doing a financial health check regularly, you will learn exactly where you stand. Then you can choose your options. It’s critical to your wealth strategy.

Some day, you might change from the work you’re doing to another plan. You will need to convert your assets, perhaps into retirement income, or support for another venture. Doing regular evaluations of your wealth strategy will help you prepare for a great future.

Ask your Financial Advisor to help you check up on the health of your wealth.

191 thoughts on “Is Your Financial Strategy Actually Creating Wealth?

  1. 123movies says:

    Good post. I learn something new and challenging on websites I stumbleupon everyday. It will always be exciting to read content from other writers and use something from their web sites. Nalani Kristoffer Gustave

  2. 720p says:

    Nice post. I learn something totally new and challenging on sites I stumbleupon everyday. It will always be exciting to read content from other writers and practice something from their websites. Rozele Dimitry Wong

  3. amateur says:

    I truly wanted to construct a quick note in order to express gratitude to you for some of the fantastic tricks you are showing on this site. My particularly long internet look up has at the end been compensated with brilliant ideas to exchange with my two friends. I would express that many of us readers are very blessed to be in a really good network with so many wonderful people with very helpful techniques. I feel very fortunate to have discovered the site and look forward to so many more awesome minutes reading here. Thanks a lot once more for a lot of things. Mirelle Jeffy Noland

  4. erotik says:

    When I originally commented I appear to have clicked the -Notify me when new comments are added- checkbox and from now on whenever a comment is added I recieve four emails with the exact same comment. There has to be a means you can remove me from that service? Thank you! Milena Brock Baun

  5. yabanci says:

    Hey there. I found your blog by the use of Google whilst searching for a similar matter, your site came up. It looks great. I have bookmarked it in my google bookmarks to come back then. Wilone Averill Hatch

  6. erotik says:

    Hi my loved one! I wish to say that this post is awesome, nice written and come with approximately all significant infos. I would like to peer extra posts like this. Mariejeanne Tye Arno

  7. erotik says:

    Hello there. I found your blog via Google even as looking for a similar topic, your website got here up. It seems to be good. I have bookmarked it in my google bookmarks to come back then. Nonie Colan Burg

  8. erotik says:

    Hi my family member! I wish to say that this post is awesome, great written and include almost all important infos. I would like to peer more posts like this. Melosa Araldo Lelah

  9. erotik says:

    Can I just say what a relief to find someone who actually knows what theyre talking about on the internet. You definitely know how to bring an issue to light and make it important. More people need to read this and understand this side of the story. I cant believe youre not more popular because you definitely have the gift. Noella Richmound Juni

  10. erotik says:

    Good post. I learn something new and challenging on blogs I stumbleupon everyday. It will always be helpful to read through articles from other authors and use a little something from their web sites. Celene Hubert Laidlaw

  11. turkce says:

    Virality iPhone monetization burn rate seed money buzz social media. Handshake bandwidth venture responsive web design hackathon. Graphical user interface influencer branding mass market business-to-consumer buzz vesting period seed round. Partner network ecosystem stock freemium. Dorothee Jase Volpe

  12. Sean Russell says:

    Hey there! I’ve been following your site for a while now and
    finally got the courage to go ahead and give you a shout out
    from Kingwood Texas! Just wanted to say keep up the excellent job!

  13. Craig Critchfield says:

    Whether you might be employing android, iOS, house windows or Fire Operating-system, as long as you can entry to realize access
    to the internet and open your mailbox, then you might be prepared and set to work with our device.

  14. Silvia Collura says:

    Another thing I’ve really noticed is that often for many people, less-than-perfect credit is the reaction to circumstances over and above their control. For instance they may be really saddled with an illness and as a consequence they have excessive bills going to collections. It would be due to a employment loss and the inability to go to work. Sometimes divorce process can truly send the funds in a downward direction. Thanks for sharing your thinking on this weblog.

  15. CBD for dogs says:

    Hiya! I know this is kinda off topic nevertheless I’d figured I’d ask.
    Would you be interested in trading links or maybe guest writing a blog article or vice-versa?
    My blog covers a lot of the same subjects as yours and I believe
    we could greatly benefit from each other. If you might be interested
    feel free to send me an email. I look forward to hearing from you!

    Superb blog by the way!

    Also visit my web-site :: CBD for dogs

  16. CBD gummies for sleep says:

    Have you ever thought about creating an e-book or guest authoring on other websites?
    I have a blog based upon on the same information you discuss
    and would love to have you share some stories/information.
    I know my visitors would appreciate your work. If you are even remotely interested, feel free to send me an e mail.

  17. cbd gummies for pain says:

    Hi great website! Does running a blog similar to this take a massive amount work?
    I have absolutely no understanding of computer programming but I had been hoping to start my own blog soon. Anyhow, should you
    have any suggestions or tips for new blog owners please share.
    I understand this is off subject however I simply needed to ask.

    Appreciate it!

  18. Diana Larue says:

    Hi there, just became aware of your blog through Google, and found that it’s truly informative. I am gonna watch out for brussels. I will be grateful if you continue this in future. Numerous people will be benefited from your writing. Cheers!

  19. Anthony Gerdes says:

    It is appropriate time to make some plans for the future and it is time
    to be happy. I have read this post and if I could I wish to suggest you few interesting things or
    suggestions. Perhaps you can write next articles referring to this article.
    I desire to read even more things about it!

  20. Helen Cuff says:

    Pretty portion of content. I simply stumbled upon your website and in accession capital to say that I
    get in fact enjoyed account your weblog posts. Any way I’ll be subscribing on your augment and even I
    success you access constantly fast.

  21. Henry Turco says:

    Hi there! This blog post could not be written much better!
    Reading through this post reminds me of my previous roommate!

    He constantly kept talking about this. I will send this post to him.
    Pretty sure he will have a great read. Thanks for sharing!

  22. Trudy Searles says:

    It is perfect time to make some plans for the future and it’s time to be happy.
    I’ve read this post and if I could I desire to suggest you few interesting things
    or suggestions. Maybe you could write next articles referring to this article.
    I wish to read more things about it!

  23. Penny Guzman says:

    Woah! I’m really enjoying the template/theme of this blog. It’s simple, yet effective.
    A lot of times it’s very hard to get that “perfect balance” between usability and visual appeal.
    I must say you’ve done a awesome job with this. Also, the blog
    loads very fast for me on Firefox. Superb Blog!

  24. George Reynolds says:

    I’ve been surfing online more than 4 hours today, yet I never found any
    interesting article like yours. It is pretty worth
    enough for me. In my view, if all website owners and bloggers made good content as you did,
    the internet will be much more useful than ever before.

  25. Florine Durham says:

    Its such as you learn my mind! You seem to grasp a lot approximately this, like you
    wrote the ebook in it or something. I feel that you just could do
    with some p.c. to drive the message house a little bit, however other than that, this is fantastic blog.
    A great read. I will definitely be back.

  26. Richard Lane says:

    I’m not sure the place you’re getting your info, however great topic. I needs to spend some time studying more or understanding more. Thank you for wonderful info I used to be searching for this information for my mission.

  27. Rena Brzyski says:

    Good site! I truly love how it is simple on my eyes and the data are well written. I am wondering how I might be notified when a new post has been made. I’ve subscribed to your feed which must do the trick! Have a great day!

  28. John Thompson says:

    It is perfect time to make some plans for the future and it is time to be happy.
    I’ve read this post and if I could I want to suggest you some interesting things or tips.
    Maybe you can write next articles referring to this article.
    I want to read more things about it!

  29. Heather Anderson says:

    It is perfect time to make some plans for the long run and it is
    time to be happy. I have learn this publish and if I
    may I want to recommend you some attention-grabbing things or tips.
    Maybe you could write next articles referring to this article.
    I wish to learn more things about it!

  30. EmeryUnupe says:

    “Can I simply just say what a relief to find somebody that genuinely knows what they’re discussing on the web. You certainly realize how to bring an issue to light and make it important. A lot more people need to look at this and understand this side of your story. It’s surprising you aren’t more popular since you most certainly have the gift.”
    https://romantik69.co.il/נערות-ליווי-בבת-ים/

  31. Giuseppe May says:

    Do you have a spam problem on this blog;
    I also am a blogger, and I was curious about your situation; many of us have created some nice procedures and we
    are looking to trade techniques with other folks, why not shoot me an email if interested.

  32. Harold Magee says:

    I’ve been browsing online more than 2 hours today, yet I never found any interesting article like yours.
    It is pretty worth enough for me. Personally, if
    all website owners and bloggers made good content as you did, the net will be much more
    useful than ever before.

  33. Harry Pavlik says:

    It’s appropriate time to make some plans for the future and
    it’s time to be happy. I have read this post and if I could I want to suggest
    you few interesting things or advice. Perhaps you could write next articles referring to this article.
    I desire to read more things about it!

  34. Mariann Olivera says:

    You could definitely see your expertise in the paintings you write. The sector hopes for more passionate writers such as you who aren’t afraid to mention how they believe. All the time follow your heart.

  35. Mark Perey says:

    Hi there would you mind stating which blog platform you’re working with?

    I’m looking to start my own blog in the near future but I’m having a tough time
    choosing between BlogEngine/Wordpress/B2evolution and Drupal.
    The reason I ask is because your design and style seems different then most blogs and I’m
    looking for something unique. P.S Apologies for getting off-topic but I had to ask!

  36. best CBD gummies says:

    You really make it seem really easy along with your presentation however I in finding
    this topic to be actually something which I believe I might
    by no means understand. It sort of feels too complicated and very huge
    for me. I’m taking a look forward in your next publish,
    I’ll try to get the cling of it!

    My homepage; best CBD gummies

  37. CBD gummies for pain says:

    This is the right web site for anybody who wishes to find out about this topic.

    You know so much its almost hard to argue with you (not that I actually would want to…HaHa).
    You definitely put a new spin on a subject which has been written about for years.
    Wonderful stuff, just excellent!

    Also visit my web page: CBD gummies for pain

  38. cbd gummies says:

    After looking into a few of the articles on your web site, I honestly appreciate your technique
    of blogging. I saved it to my bookmark webpage list and will be checking back soon. Please check out my website too
    and tell me what you think.

    my homepage; cbd gummies

  39. CBD gummies for pain says:

    Hmm it appears like your site ate my first comment (it was super
    long) so I guess I’ll just sum it up what I
    wrote and say, I’m thoroughly enjoying your blog. I as well am an aspiring blog writer but I’m still new to everything.
    Do you have any suggestions for novice blog writers? I’d certainly appreciate it.

    my blog … CBD gummies for pain

Leave a Reply

Your email address will not be published. Required fields are marked *